$1,885,000
$1,980,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
11220 Palm DR Desert Hot Springs, CA 92240
10,000 SqFt
Key Details
Sold Price $1,885,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $188
Subdivision Vista Palms
MLS Listing ID 21700424
Sold Date 12/10/21
HOA Y/N No
Year Built 1966
Lot Size 0.393 Acres
Acres 0.3928
Property Description
2 Townhouse style front unit/owner unit, 2 Bed 1.5 Bath, one of the two has a a balcony and view, as well as a suite on the far side. 90%-100% occupied at any given time. Boutique hotel, motel and spa, 19 units with kitchenet. Desert Hot Springs, great location, adjacent to Palm Desert and Palm Springs. Appraised over a year ago for $2.450,00.00 . Price per rooms are average $349.00 per week, (lowest in the area). Used to be an apartment structure, every unit is equipped with separate meters. This property has huge upside potential. With $390,000 down owner will carry balance. Please do not disturb the Manager
Location
State CA
County Riverside
Area 340 - Desert Hot Springs
Zoning LC
Rooms
Ensuite Laundry CommonArea
Interior
Interior Features CeilingFans, Furnished
Laundry Location CommonArea
Heating Electric
Flooring Carpet, Laminate
Fireplaces Type None
Fireplace No
Appliance Microwave, Oven
Laundry CommonArea
Exterior
Garage Driveway, OneSpace
Pool Fenced, Filtered, Tile
Accessibility None
Parking Type Driveway, OneSpace
Total Parking Spaces 15
Building
Lot Description CornersMarked
Story 2
Foundation Slab
New Construction No
Others
Senior Community No
Tax ID 639261004
Special Listing Condition Standard
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Bought with Kenneth Jacobi • South State Real Estate Manage